- Available to any Service Members, Veterans, and Eligible Surviving Spouses
- Provides 100% financing, meaning NO MONEY DOWN
- Guaranteed by the VA
- More favorable terms/rates than any other conforming loan option
The VA does not cap how much you can borrow but there are limits on how much you can get financed by the VA. They are sanctioned by county. Please check this site for more information.
VA Funding Fee
Since VA loans don’t have a monthly mortgage insurance (aka MI) they incur a one-time funding fee at closing which is financed in your loan. The funding fee can vary based on your military category, first-time buyer or subsequent loan user, and whether you make a down payment or not. There are also reasons to be waived from that fee. Please contact us for further details.